The Chamber of Digital Commerce has submitted feedback on the IRS 'proposed Form 1099-DA, which is designed to report digital asset transactions. The Chamber's detailed response is designed to simplify the form, make it easier for brokers dealing with digital assets such as cryptocurrencies to use, and address taxpayer privacy concerns, including only requiring taxpayers to provide the information necessary to report digital asset transactions.
The chamber proposes adding a field to the form that allows brokers to state whether there are different tax rates for digital assets, such as NFTs taxed as collectibles, to prevent errors and ensure accurate reporting.
Digital Chamber Submits Feedback on IRS Cryptocurrency Tax Draft
2024-06-22 09:21:33
Digital Chamber of Commerce US State IRS proposal 1099 da form submissiondesk3cryptocurrencydesktopCrypto News
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